Business News

(Reuters) -Exxon Mobil Corp is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. oil company said on Monday. Exxon Mobil’s …

(Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to …

(Reuters) – The chair of the U.S. House of Representatives Financial Services Committee demanded on Monday that Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto exchange FTX, testify …

By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 3% on Monday, following U.S. stock markets lower, after U.S. service sector data raised worries that the Federal Reserve could …

By Ron Bousso LONDON (Reuters) – BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to …

By Ross Kerber (Reuters) – A Texas official has offered big financial companies a potential avenue to leave an energy sanctions list if they drop out of corporate groups aiming …

By John McCrank NEW YORK (Reuters) – The dollar gained against the yen, the euro and the pound on Monday after data showed that U.S. services industry activity unexpectedly picked …

BEIJING (Reuters) – Chinese solar panel maker LONGi Green Energy Technology Co. Ltd said on Monday it will provide evidence to show it is complying with U.S. laws after the …

By Lisa Baertlein (Reuters) -The first electric delivery trucks rolled off production lines at BrightDrop’s new factory in Canada on Monday, when the upstart unit of General Motors Co also …

By David Shepardson WASHINGTON (Reuters) – United Auto Workers (UAW) President Ray Curry will face a run-off election against reform presidential candidate Shawn Fain, a court-appointed monitor said on Monday, …

ZURICH (Reuters) -Credit Suisse is “definitely stable,” Chairman Axel Lehmann told Swiss broadcaster SRF on Monday, adding that the embattled bank had seen a stabilisation in the outflows of client …

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday that AT&T agreed to pay a $6.25 million penalty to settle charges of disclosing nonpublic information to research …

(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and necessities. Here’s how governments are …

By Elizabeth Howcroft LONDON (Reuters) – UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with …

By Anna Mehler Paperny TORONTO (Reuters) -Education workers in Ontario, Canada’s most populous province, have voted to accept a labour deal with the provincial government, union representatives said Monday. The …

SWEDESBORO, NJ – The only thing New Jersey wants coal-fired is its pizza. That’s because the last operating coal-fired power plan in the state was demolished this weekend. On Friday, …

By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares slipped on Monday after data showing a decline in euro zone business activity fanned recession fears, while hopes of easing …

MEXICO CITY (Reuters) – Mexico’s headline inflation likely continued to slow in November, a Reuters poll showed Monday, opening the door for the Bank of Mexico to opt for a …

(Reuters) -Slack Chief Executive Officer Stewart Butterfield plans to leave the workplace messaging platform in January, parent company Salesforce Inc said on Monday. Lidiane Jones, who is the senior vice-president …

(This story has been refiled to fix a typo in paragraph 11.) By David Gauthier-Villars (Reuters) – French prosecutors said on Monday they have put a Ukrainian woman linked to …

By Paul Sandle LONDON (Reuters) – Nick Read will step down as Vodafone chief executive by the end of the year, ending a four-year tenure during which the British telecom …

ODENTON, MD – Police in Anne Arundel County are investigating a reported gunfire incident at a bar in Odenton early Saturday morning. According to police, at approximately 2:00 a.m., officers …

WASHINGTON (Reuters) – New orders for U.S.-manufactured goods increased more than expected in October amid strong gains in demand for machinery and a range of other goods, which could allay …

SHANGHAI (Reuters) -Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric …